Please see below selected intelligence from 2016 and earlier about governance. This is a synthesis of major recent developments at corporates, business schools, thinktanks, media, commentators, and other key influencers in our external environment. New content is in bold.
- Global governance, good governance, failing governance: like so many buzzwords in the field of international development, the word has come to mean different things to different groups. So what is it, asked the World Economic Forum? In its purest form it describes the structures and decision-making processes that allow a state, organisation or group of people to conduct affairs. The most obvious among these is the government running a country, as well as the administrations and groups that ensure its safety and efficiency. But it’s not just governments that govern: institutions such as the IMF, World Bank and United Nations, for instance, have an authority that is recognised the world over. These bodies take a multilateral approach to world affairs, bringing together leaders of public and private sectors, as well as members of wider society, to achieve commonly accepted goals and tackle threats to international security. The business sector is another piece of the puzzle, mostly concerned with how companies regulate themselves and contribute to the regulation of global frameworks.
- The time is up for non-executive directors, warned The Financial Times. Through successive corporate crises and systemic catastrophes, despite — and in part because of — layers of codes and regulations, independent board members have failed to do the impossible job handed to them by complacent fund managers.